The S&P 500 is down about 9.3 percent from its peak, now is around 2650.
S&P rebound to the end of the year? 1, while Goldman Sachs strategist David Kostin believe it will rebound to 2850 by the end of the 2018 Morgan Stanley has different view.
Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, predicted that the S&P 500 could fall to between 2,450 and 2,500. “And we think we get there in four to eight weeks,” Wilson said. That time frame will be around the end of 2018.
The U.S. trade clash with China, which is beginning to be discussed more frequently by U.S. corporate executives on earnings calls, is among the factors market participants point to as a key catalyst for the current downbeat mood.
Tags: Michael Wilson S&P 500